Where an employee has private use of an employer-provided vehicle, a taxable benefit arises to the employee. The value of a company car benefit for taxation purposes is calculated according to rules laid down in Income Tax Act 1938 Chap 75:01, s 134(8)–(10).
The value of the benefit associated with the provision of a motor vehicle, and associated relevant equipment, that would be chargeable to Income Tax is either:
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